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May 1, 2013
05/13
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union and something we ultimately compromised on and didn't get, you know, we have a strong luxury tax to discourage teams from spending over a certain amount but i think something to focus on for the future is to try to bring even more parity to the league. i we want a league where teams ultimately can be vunld based on their management, it is not a function of what community they are in or how much revenue they can generate, we are getting closer to that system now but ideally whatever market you live in you want to believe if your team is well managed you have an equal shot to win a championship. >> rose: is it healthy for the league that lebron and chris and dwayne all end upton same team and you forbid chris paul to go to la to the lakers? is that healthy? >> well those are two separate issues into i understand that. >> and so first having to do with how players wind one teams, there were these guys called, it wasn't just bird, mick hail and this guy magic played with kareem and worthy, so there have been all kinds of gathering of players in particular teams and that's a question
union and something we ultimately compromised on and didn't get, you know, we have a strong luxury tax to discourage teams from spending over a certain amount but i think something to focus on for the future is to try to bring even more parity to the league. i we want a league where teams ultimately can be vunld based on their management, it is not a function of what community they are in or how much revenue they can generate, we are getting closer to that system now but ideally whatever market...
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May 1, 2013
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fiscal drag from taxes and the sequester intermingle. >> disappointing data on private sector jobs and a partial manufacturing slowdown, adding to concerns ahead of friday's government employment report that april could see a second straight month with a significant slowdown in job growth. for "nightly business report," i'm hampton pearson in washington. >> joining us now, the former fed governor and professor the economics at chicago's booth school of business. welcome. good to have you with us. everybody is saying the key sentence in the fed statement today is where they say they could increase or decrease the pace and size of their asset purchases. do you see it that way? and what does that very careful language suggest to you? >> it is really the only change in statement, both in terms of fiscal and monetary poifl. that was the key change. a lot of discussion of tapering off purchases. that discussion is now gone. two of the last three years, we've had these spring swoons or slumps when the fed started to talk about exit strategy and taking away the punch bowl, we won't hear that a
fiscal drag from taxes and the sequester intermingle. >> disappointing data on private sector jobs and a partial manufacturing slowdown, adding to concerns ahead of friday's government employment report that april could see a second straight month with a significant slowdown in job growth. for "nightly business report," i'm hampton pearson in washington. >> joining us now, the former fed governor and professor the economics at chicago's booth school of business. welcome....
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Apr 30, 2013
04/13
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it's overseas, and they can't repatriate that without the big tax hit. so this is something that makes sense all around. >> art, you wrote a few days ago that you think stocks, u.s. stocks specifically are ready to stand on their own two feet. why do you say that, and what does that mean? >> well, it means that the u.s. economy and indeed the global economy outside of europe continues to show reasonable signs of growth. you know, and stock investors are terrified about the removal of support by the fed, you know, the withdrawal of monetary accommodation. and it's something that always causes enormous amounts of volatility and consternation when it happens. but, remember, when that happens, it's typically because the economy is growing reasonably, at a reasonably good clip. this is sub-par growth by the standards of past recoveries to be sure, but it is growth and it is durable. so i think that the stock market is not overvalued by any means. i think it's reasonable to expect a pause and a direction. but that isn't something that would keep me on the side
it's overseas, and they can't repatriate that without the big tax hit. so this is something that makes sense all around. >> art, you wrote a few days ago that you think stocks, u.s. stocks specifically are ready to stand on their own two feet. why do you say that, and what does that mean? >> well, it means that the u.s. economy and indeed the global economy outside of europe continues to show reasonable signs of growth. you know, and stock investors are terrified about the removal...
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May 5, 2013
05/13
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FOXNEWSW
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it's tax policy. it's difficult. i think the republicans are being put into a position they don't want to be in. what is the point of all the sales taxes. the sales taxes support public activities in the 9600 jurisdictions. most of these 9600 jurisdictions are overcommitted. stockton, california declared bankruptcy because of pensions. stockton has a sales tax of close to 9%. >> paul: they would love to get your sales. >> but that is taxes to rise across the board. >> paul: what about this, semgs, its million dollars on, did exemption on small businesses. that is going exclude mom and pop? >> i don't think it will pass the house. let's say it moves along and politicians want to do some kind of compromise. i think most members of congress understand one million is too low if you are trying to protect small businesses from all these tax collectors. what i'm told the wall marts and targets don't want competition. they are very focused on one million dollar level. a compromise might be difficult here. that is good becaus
it's tax policy. it's difficult. i think the republicans are being put into a position they don't want to be in. what is the point of all the sales taxes. the sales taxes support public activities in the 9600 jurisdictions. most of these 9600 jurisdictions are overcommitted. stockton, california declared bankruptcy because of pensions. stockton has a sales tax of close to 9%. >> paul: they would love to get your sales. >> but that is taxes to rise across the board. >> paul:...
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john: he lives in texas, no income tax state. >> being a resident of tax it -- taxes are lower tax date means real value. john: you lower taxes several times. but when you go to zero like texas and florida? >> we actually had a proposal on apparel to do that last year because of some of the lobbying efforts we were not successful. again, what is most important is we keep moving the needle. john: when you have trouble running state government? >> you know, that argument could be made. have to be able to keep a commitment to core government services. there are a lot of states around the country that have proven the you can do without a state income tax. the mosregressive tax out there. again, if you want people to have investment dollars in your state, it's like my mentor said, capitol will flow to a hostile environment. you have to keep it as open and free-market principles as you can. no, we believe we're doing that. john: thank you, speaker. darcy, tras. now, travis calcutions focus on taxes, money. there is more to freedom and that. it will cover that later tonight. my next guest says
john: he lives in texas, no income tax state. >> being a resident of tax it -- taxes are lower tax date means real value. john: you lower taxes several times. but when you go to zero like texas and florida? >> we actually had a proposal on apparel to do that last year because of some of the lobbying efforts we were not successful. again, what is most important is we keep moving the needle. john: when you have trouble running state government? >> you know, that argument could...
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May 2, 2013
05/13
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tax added on. but what advantage in? i realize they would have revenue, but we voted down repeatedly this sales tax. so why would the montana people have an advantage? we would have more of an advantage without the sales tax on our online purchases because if it generated interest in companies moving to montana, we need jobs. and it would be much more to our advantage to not have a sales tax and montana on our internet products. as senator durbin emphasized, this bill would not impose new sales taxes on states that do not have them, like montana. so essentially, as a citizen of montana, you should not be affected by this legislation in terms of making purchases. there will not be a sales tax, no matter where you buy your goods from, because the sales tax is assessed by the state where the residents is and not whether retailer is. however, she did touch on the other point which i think is the point that opponents of this legislation are playing down, but it is essentially the major caveat. , eveners
tax added on. but what advantage in? i realize they would have revenue, but we voted down repeatedly this sales tax. so why would the montana people have an advantage? we would have more of an advantage without the sales tax on our online purchases because if it generated interest in companies moving to montana, we need jobs. and it would be much more to our advantage to not have a sales tax and montana on our internet products. as senator durbin emphasized, this bill would not impose new sales...
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May 4, 2013
05/13
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tax the net now? wow. >> there's nothing level about this playing field about tax strapped states looking for more money and again coming to washington and imposing burdens on other states, states that have chosen to have a low tax burden, states like mine without a sales tax. >> the internet's days as a tax- free domain may be doomed. the u.s. senate is on the verge of passing legislation called the marketplace fairness act. if the bill becomes law, internet vendors with more than $1 million in annual sales must impose state and local sales taxes based on where the buyer lives. his or her place of residence. supporters argue that this law levels the playing field between physical store, retailers who are obliged to collect sales taxes, and on- line vendors who under the internet tax freedom act of 1998 are currently and for the past 15 from from imposing and collecting sales tax. opponents of the marketplace fairness act, like ebay ceo john donahoe argue that making small internet businesses become t
tax the net now? wow. >> there's nothing level about this playing field about tax strapped states looking for more money and again coming to washington and imposing burdens on other states, states that have chosen to have a low tax burden, states like mine without a sales tax. >> the internet's days as a tax- free domain may be doomed. the u.s. senate is on the verge of passing legislation called the marketplace fairness act. if the bill becomes law, internet vendors with more than...
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Apr 30, 2013
04/13
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income taxes and sales tax. >> closer to home here, we are all here in d.c. with the most definite battle. has speaker boehner assures you that they will not be on the table. you will hold him to that promise? >> speaker baper made public commitments to the voters and not to me. they are not voting for the tax increase. with the sequester and the caps, we have some restraint in spending coming over the next four years. what the president wants to do is raise taxes instead of spending restraint. he is not talking about reforming entitlements as a new way of the cost. he openly promised with the spending restraint and put tax increases in. that's not going to happen. >> i want to give you an opportunity to talk about something you are talking about outside of taxes. you are an early supporter of proposition 36. that's to ease the three strikes law and trying to eliminate the backlog of inmates we have in the united states prison. what got you involved and why do you think it's a good idea to get people out of prison quickly? >> some people and some should stay
income taxes and sales tax. >> closer to home here, we are all here in d.c. with the most definite battle. has speaker boehner assures you that they will not be on the table. you will hold him to that promise? >> speaker baper made public commitments to the voters and not to me. they are not voting for the tax increase. with the sequester and the caps, we have some restraint in spending coming over the next four years. what the president wants to do is raise taxes instead of...
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john: he lives in texas, no income tax state. >> being a resident of tax it -- taxes are lower tax date means real value. john: you lower taxes several times. but when you go to zero like texas and florida? >> we actually had a proposal on apparel to do that last year because of some of the lobbying efforts we were not successful. again, what is most important is we keep moving the needle. john: when you have trouble running state government? >> you know, that argument could be made. have to be able to keep a commitment to core government services. there are a lot of states around the country that have proven the you can do without a state income tax. the most regressive tax out there. again, if you want people to have investment dollars in your state, it's like my mentor said, capitol will flow to a hostile environment. you have to keep it as open and free-market principles as you can. no, we believe we're doing that. john: thank you, speaker. darcy, travis. now, travis calculations focus on taxes, money. there is more to freedom and that. it will cover that later tonight. my next gues
john: he lives in texas, no income tax state. >> being a resident of tax it -- taxes are lower tax date means real value. john: you lower taxes several times. but when you go to zero like texas and florida? >> we actually had a proposal on apparel to do that last year because of some of the lobbying efforts we were not successful. again, what is most important is we keep moving the needle. john: when you have trouble running state government? >> you know, that argument could...
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tax. a new specific tax with obama care. it is it a noncompliance. austin, come on, man. >> you just stated two things that were the same thing . that is an increase on the capitol gains rate is the stame thing tried to portray as a second tax. >> it is going to medicare. >> there is no doubt there will be practical hicups like when they passed medicare d that free money that the bush administration giving out. there were logistical hicups and problems with that. over all the congressional budget is not forecasting that this will be a increase in the dev stit by any oh, boy. >> look at margins. >> i have to jump in here. >> austin, do me a fave error. >> calling it a logistical hicup. my god, you don't know what will happen to the middle class. what about the insurance premium fees and none of this is making healthcare better . doctors are turning patients away and it is not in full implementation. people trying to be helped are hurt in the end of the day. families don't really give a dam
tax. a new specific tax with obama care. it is it a noncompliance. austin, come on, man. >> you just stated two things that were the same thing . that is an increase on the capitol gains rate is the stame thing tried to portray as a second tax. >> it is going to medicare. >> there is no doubt there will be practical hicups like when they passed medicare d that free money that the bush administration giving out. there were logistical hicups and problems with that. over all the...
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May 4, 2013
05/13
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auditor and one taxing authority. that software, you buy the software off the rack. it solves it all for you that. >> means potentially 50 audits a year on a business having to deal with every state, now if doesn't work the way it claims, and you might get hassled by thousands of taxing jurisdictions. >> franklin county in ohio, and you are living in nevada. >> at the present see department of revenue, the city of san francisco bothering you for money, the author of the bill, his office has been reluctant to answer. >> paul: mike anthony of wyoming, a republican senator. >> the question we put to them was can the small business basically ignore letters from those 9600 governments if they come asking for more tax collections and we have had difficulty getting a straight answer. >> paul: kim, what about this argument about fairness that the bring and mortar folks use? and, look, they may have an argument. if i have got to pay 8%, 10% more per good, i have got to charge more per item, these guys ought out of state don't.
auditor and one taxing authority. that software, you buy the software off the rack. it solves it all for you that. >> means potentially 50 audits a year on a business having to deal with every state, now if doesn't work the way it claims, and you might get hassled by thousands of taxing jurisdictions. >> franklin county in ohio, and you are living in nevada. >> at the present see department of revenue, the city of san francisco bothering you for money, the author of the bill,...
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Apr 28, 2013
04/13
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tax collectors? >> in bermuda. he doesn't know anything about it. >> liz: go ahead, john. >> we have a consumption tax here, which is something -- what toby talked about was right. this kills local sales base. if you're in new york and you order something, you don't have to pay tax on that. the deli across the street with the mom and pop, true small business, they can't compete with that. >> why not? >> liz: never mind the ebay guys. >> you can have somebody deliver it to you. >> they have advantages that retailers don't. they should maximize them instead of saying, oh, my gosh! we can't compete with amazon! maximize what you got, for crying out loud. >> liz: we got to leave it there, guys. thanks. we've got next up, cute dogs, straight a's and process the connection. that's next my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thou
tax collectors? >> in bermuda. he doesn't know anything about it. >> liz: go ahead, john. >> we have a consumption tax here, which is something -- what toby talked about was right. this kills local sales base. if you're in new york and you order something, you don't have to pay tax on that. the deli across the street with the mom and pop, true small business, they can't compete with that. >> why not? >> liz: never mind the ebay guys. >> you can have somebody...
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Apr 27, 2013
04/13
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tax rate. so that approach did not really shrink the federal government. the next approach that was used was the theory of starve the beast. which many some ways con -- in some ways contradicts the supply side argument because of the laugher curve, but we were in a slightly different place. we began to argue that tax cuts will reduce revenues, but that will mean the federal government has less money to spend and, therefore, it will spend less. i think that argument is half right in that if you give the federal government more money, it will find a way to spend it. but the history of the 2000s, i think, conclusively showed that it actually made growth of government seem like it was cost free even toe deficit spending -- even though deficit spending is really taxation deferred rather than taxation denied. it does make the current generation of voters feel like they're getting something for nothing. even at the tail end of the reagan administration, we had it at one point where the government was
tax rate. so that approach did not really shrink the federal government. the next approach that was used was the theory of starve the beast. which many some ways con -- in some ways contradicts the supply side argument because of the laugher curve, but we were in a slightly different place. we began to argue that tax cuts will reduce revenues, but that will mean the federal government has less money to spend and, therefore, it will spend less. i think that argument is half right in that if you...
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Apr 30, 2013
04/13
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and they both pay the tax and both get to go in the hov lane or neither pay the tax. melissa: i mean, to me i'm not sure that's the core issue. when i'm caught between whose side am i on, you know, the tree huggers versus the tax collector, it's tough, i mean, i've got to tell you. but the tax collector coming back in for that last pound of flesh, you know, i just need one more drop of blood from your veins. i mean, it kind of -- do they not think that there's going to be blowback if you have a punishment for having a car that doesn't use as much gas? that's -- i -- no? >> yeah. but, you know, like i said, they'rnot making it --hey're making a distinction between good gas mileage hybrids and gasoline and diesel cars. if they each get the same amount of mileage, each one is either underpaying, if you want to look at it that way, but they're being treated differently. you know, i don't know. are we going to go to a system where you pay more the better gas mileage you getin or maybe we can all have the ez pass and we just pay per mile that we drive. melissa: i mean, we c
and they both pay the tax and both get to go in the hov lane or neither pay the tax. melissa: i mean, to me i'm not sure that's the core issue. when i'm caught between whose side am i on, you know, the tree huggers versus the tax collector, it's tough, i mean, i've got to tell you. but the tax collector coming back in for that last pound of flesh, you know, i just need one more drop of blood from your veins. i mean, it kind of -- do they not think that there's going to be blowback if you have a...
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Apr 30, 2013
04/13
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FBC
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all those taxes under brown. liabilities from pensions at the state level and entitlement programs at the national level, they are swamped with a small amount of revenue with a short-term basis. neil: bottom line,. >> if you are eating your own arm, you can only do that so long. neil: at an imaginative way of puuting it. it's good to see you. this just in, cuts strike me as more than over the top. austerity all over the world. my goodness. @ the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone but her... no. no! no. ...likes 50% more cash. but i don't give up easy... do you want 50% more cash? yes! yes?! ♪ [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase, plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. ♪ what's in your wallet? why? and we've hit the why phase... neil: if you are sick of spending comedies studies showing spending cuts are making people ill, li
all those taxes under brown. liabilities from pensions at the state level and entitlement programs at the national level, they are swamped with a small amount of revenue with a short-term basis. neil: bottom line,. >> if you are eating your own arm, you can only do that so long. neil: at an imaginative way of puuting it. it's good to see you. this just in, cuts strike me as more than over the top. austerity all over the world. my goodness. @ the capital one cash rewards card gives...
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May 4, 2013
05/13
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capital gains taxes have been lowered drastically cut income taxes top margins, corporate taxes are so full of holes to say we have a corporate tax isn't even reality anymore for a lot of large companies. this is something that started in the carter administration, not the reagan administration. its continued off and on for 35 years and the 1% had been a very accustomed to this favorable tax situation they have for themselves and the overriding concerns and everything else is to maintain and extend it the best they can. there's been some hiccups in january when the fiscal quiff deal eliminated some of the bush tax cuts. only some of them. but for the most part, this sort of favorable tax situation for the wealthy has been kept in place. the the reality is the we do have an aging population in this country. we will have to pay more to support them. there's figures on this. social security amounts to about 4.5% of gdp the will go up to about 6%. we will have to pay more. the overriding concern of the elite is to make sure that that extra burden doesn't fall on them. the way to do that is
capital gains taxes have been lowered drastically cut income taxes top margins, corporate taxes are so full of holes to say we have a corporate tax isn't even reality anymore for a lot of large companies. this is something that started in the carter administration, not the reagan administration. its continued off and on for 35 years and the 1% had been a very accustomed to this favorable tax situation they have for themselves and the overriding concerns and everything else is to maintain and...
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Apr 30, 2013
04/13
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highest tax rate. that is an imbalance and that is an example of why we need to be a broader, comprehensive tax reform, because you have of job generating business taking financial risk, being penalized, compared to someone who is simply allocating on behalf of capital investors, risking no money of their own and doing no work other than oversight, and yet they are getting capital gains treatment. there is an example as to why there needs to be greater full taxn terms of reform. corporate tax reform, we need to engage in across-the-board. and we have to go back to how we spend our money. >> private equity as part of that non corporate sector that you do business with a lot in your dealings. should we have a different tax code were different tax reform for the non corporate sector, the sole proprietorships, partnerships, the private equity that provide capital for small business owners? or should we treat business is the same period a dollar is a dollar -- should we treat same?sses the >> i would say si
highest tax rate. that is an imbalance and that is an example of why we need to be a broader, comprehensive tax reform, because you have of job generating business taking financial risk, being penalized, compared to someone who is simply allocating on behalf of capital investors, risking no money of their own and doing no work other than oversight, and yet they are getting capital gains treatment. there is an example as to why there needs to be greater full taxn terms of reform. corporate tax...
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Apr 28, 2013
04/13
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FBC
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tax collectors? >> in bermuda. he doesn't know anything about it. >> liz: go ahead, john. >> we have a consumption tax here, which is something -- what toby talked about was right. this kills local sales base. if you're in new york and you order something, you don't have to pay tax on that. the deli across the street with the mom and pop, tr small business, they can't compete with that. >> why not? >> liz: never mind the ebay guys. >> you can have somedyr it to you. >> they have advantages that retailers don't. they should maximize them instead of saying, oh, my gosh! we can't compete with amazon! maximize what you got, for crying out loud. >> liz: we got to leave it there, guys. thanks. we've got next up, cute dogs, straight a's and process the connection. that's next [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or abo
tax collectors? >> in bermuda. he doesn't know anything about it. >> liz: go ahead, john. >> we have a consumption tax here, which is something -- what toby talked about was right. this kills local sales base. if you're in new york and you order something, you don't have to pay tax on that. the deli across the street with the mom and pop, tr small business, they can't compete with that. >> why not? >> liz: never mind the ebay guys. >> you can have somedyr it...
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Apr 30, 2013
04/13
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. >> ifill: then, taxing the internet. we discuss how congress may be changing the way we pay for the things we buy. >> woodruff: basketball's jason collins becomes the first male pro athlete still playing one of the big four sports to come out and say he's gay. we assess what his announcement means for sexual stereotypes on and off the court. >> ifill: ray suarez reports on today's gathering of holocaust survivors and the veterans who helped save them, to mark the 20th anniversary of the u.s. holocaust memorial museum. >> woodruff: our "daily download" looks at the bogus tweet last week that sent the financial markets into a minutes-long nosedive. >> ifill: and hari sreenivasan explores "pandora's lunchbox" with the author of a new book on processed foods. >> technology has merged with food production in a way that few of us, i think realize, but i the way our bodies procession food, it's stuck somewhere in the stoneage. >> ifill: that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provi
. >> ifill: then, taxing the internet. we discuss how congress may be changing the way we pay for the things we buy. >> woodruff: basketball's jason collins becomes the first male pro athlete still playing one of the big four sports to come out and say he's gay. we assess what his announcement means for sexual stereotypes on and off the court. >> ifill: ray suarez reports on today's gathering of holocaust survivors and the veterans who helped save them, to mark the 20th...
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May 2, 2013
05/13
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do not have a tax added on. but what advantage in? i realize they would have revenue, but we voted down repeatedly this sales tax. so why would the montana people have an advantage? we would have more of an advantage without the sales tax on our online purchases because if it generated interest in companies moving to montana, we need jobs. and it would be much more to our advantage to not have a sales tax and montana on our internet products. guest: as senator durbin emphasized, this bill would not impose new sales taxes on states that do not have them, like montana. so essentially, as a citizen of montana, you should not be affected by this legislation in terms of making purchases. there will not be a sales tax, no matter where you buy your goods from, because the sales tax is assessed by the state where the residents is and not where thetailer is.-- retailer is. however, she did touch on the other point which i think is the point that opponents of this legislation are playing down, but it is essentially the ma
do not have a tax added on. but what advantage in? i realize they would have revenue, but we voted down repeatedly this sales tax. so why would the montana people have an advantage? we would have more of an advantage without the sales tax on our online purchases because if it generated interest in companies moving to montana, we need jobs. and it would be much more to our advantage to not have a sales tax and montana on our internet products. guest: as senator durbin emphasized, this bill would...
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Apr 29, 2013
04/13
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FBC
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sales taxes are one of the least bad taxes. property taxes are also some of the least bad taxes, income taxes are killers, what i'd love to see them do is lower the sales tax rate and broaden the sales tax base by allowing internet sales and use the proceeds so it's static revenue neutral. that's the right way to go and in the long run, i think that's the way it's going to go. >> art, listen to this. it's a headline from today' "the washington post," g.o.p. moves away from entitlements and towards tax reforms in a budget deal. now, do you think that's going to happen? are we going to get that, do you think? >> i surely hope so, you know, going after entitlements when you've got an economy like this is very, very difficult, stuart. i can remember back in 1979 there was a dinner party and governor reagan was there, and we were talking about the future and how to do tax cuts and i was talking a lot of heat from the rest by wanting to cut tax rates first. when you have economic growth you can cut spending much more easily than when
sales taxes are one of the least bad taxes. property taxes are also some of the least bad taxes, income taxes are killers, what i'd love to see them do is lower the sales tax rate and broaden the sales tax base by allowing internet sales and use the proceeds so it's static revenue neutral. that's the right way to go and in the long run, i think that's the way it's going to go. >> art, listen to this. it's a headline from today' "the washington post," g.o.p. moves away from...
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May 2, 2013
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tax codes. we just raise the top rate on the individual side which affects every past sole proprietorship, every partnership. they all now have higher marginal tax rates. a perfectly intellectually-clean tax reform, the ones on a blackboard, recognizes that we've got these small businesses, large businesses differences, and tries to get the same base, have the same rates. that's a comprehensive scheme. something dave camp in the house of representatives is very interested in. >> right. >> it runs right into the political reality of the moment that the president just went north when that reform requires going south. so you have to ask yourself what are the chances of getting that over the finish line. and so, you know, as a handicapper, i'd have to say corporate-only reform looks better at the moment simply because of those stats. >> and we're going to circle back to handicapping, but there's so much agreement on this panel, i'm going to have to force some disagreement, and i'm going to start her
tax codes. we just raise the top rate on the individual side which affects every past sole proprietorship, every partnership. they all now have higher marginal tax rates. a perfectly intellectually-clean tax reform, the ones on a blackboard, recognizes that we've got these small businesses, large businesses differences, and tries to get the same base, have the same rates. that's a comprehensive scheme. something dave camp in the house of representatives is very interested in. >> right....
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May 4, 2013
05/13
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payroll tax, a new specific tax to obamacare. it's an individual mandate. austin, come on? >> here the thing. >> you just stated two things that were the same thing. what you are saying the increase on the cal gains rate is the other thing as you tried to portray as a second fax. there is no doubt there will be practical hickups like when they passed medicare "d" which was free men that the bush money administration was giving out there was hickups and problems with that. if you look overall, congressional budget office isn't going to forecast this is going to an increase in the deficit by any means. >> eric: i have to jump in. this is five-person panel. do me a favor, hold on. >> you call it a logistical hiccup. you don't know what is going to happen. what about the cadillac tax and insurance premiums. none of this is making healthcare better. we already know this. it's not in full implementation. people that are trying to help with this thing are ones going to get hurt. i know nobody gives a damn about families making $250,000
payroll tax, a new specific tax to obamacare. it's an individual mandate. austin, come on? >> here the thing. >> you just stated two things that were the same thing. what you are saying the increase on the cal gains rate is the other thing as you tried to portray as a second fax. there is no doubt there will be practical hickups like when they passed medicare "d" which was free men that the bush money administration was giving out there was hickups and problems with that....
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some pro- tax, pro- sales tax republicans are taking aim at anti-tax grover norquist. a lot of goods into and saying to me, grover or qwest did not elect you. here is congressman scott rijo on varney and company earlier this week. >> these taxes are due now, stuart. stuart: joining us now. none other than grover norquist. i put it to you this way. not good. here is the challenge. the internet tax law that they are trying to pass is likely to pass soon. it is really dangerous to what alabama politicians would do to a business in maine or california or new york. you just allowed 49 states to do the same thing to alabama businesses that export through the internet. they did not allow it to go through the normal committee. they did not ask all the questions that need to be asked. they will have testimony. i do not think this will sail through the house. it is a bad idea. stuart: governors, gop allies cash over tax cuts. it is another split among them. >> the governor wants to abolish the state income tax. there are ten bills to do that in his legislature. i like the direct
some pro- tax, pro- sales tax republicans are taking aim at anti-tax grover norquist. a lot of goods into and saying to me, grover or qwest did not elect you. here is congressman scott rijo on varney and company earlier this week. >> these taxes are due now, stuart. stuart: joining us now. none other than grover norquist. i put it to you this way. not good. here is the challenge. the internet tax law that they are trying to pass is likely to pass soon. it is really dangerous to what...
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Apr 27, 2013
04/13
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FOXNEWSW
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always there. >> the latest tax push that could be more taxing to the economy. we explain. plus, man's best friend not only good for the soul, but test scores. more in 60 >> liz: the days of tax free internet shopping may be a thing of the past. a new bill for an on-line sales tax just passing a really big hurdle in the senate with overwhelming bipartisan support and it comes as we're finding out that consumers sentiment is falling and the economy is still struggling to take off. so gary b, is this what consumers and our economy needs right now, another tax? >> just the opposite, liz. it's ironic, the last bastion of our economy, untouched by the government, is the internet. that's the place where we have all this innovation, where growth, consumers are happy, producers, all on the internet are happy. you know what i say? if you want to level the playing field, get rid of the sales tax for everyone. >> liz: what do you make of that stefan? >> i think it will hurt retail sales. look, if i go on-line and i buy a vacuum cleaner, i think it should cost the same as it would if i
always there. >> the latest tax push that could be more taxing to the economy. we explain. plus, man's best friend not only good for the soul, but test scores. more in 60 >> liz: the days of tax free internet shopping may be a thing of the past. a new bill for an on-line sales tax just passing a really big hurdle in the senate with overwhelming bipartisan support and it comes as we're finding out that consumers sentiment is falling and the economy is still struggling to take off. so...
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a 2.3 medical device tax and obama care. tax fee, tax fee. enough is enough. >> stop, stop. that is confused. that is it an entire rant that lost me at hello. that is a total mischaracterization . bill and harry reid is saying they have to work on implementation he's not talking about expand entitlement. they are talking about basic stuff. >> off the- austin. what wrong. there is a 3 hadn't 8 percent tax on investment income. >> it is it on high income people. pay roll taxings. what pay roll tax are you referring to? pay roll taxway had nothing to do with that. >> i am talking about obama care medical pay roll tax. a new specific tax with obama care. it is it a noncompliance. austin, come on, man. >> you just stated two things that were the same thing . that is an increase on the capitol gains rate is the stame thing tried to portray as a second tax. >> it is going to medicare. >> there is no doubt there will be practical hicups like when they passed medicare d that free money that the bush administration giving out. there were logistical hicups and problems with that. over
a 2.3 medical device tax and obama care. tax fee, tax fee. enough is enough. >> stop, stop. that is confused. that is it an entire rant that lost me at hello. that is a total mischaracterization . bill and harry reid is saying they have to work on implementation he's not talking about expand entitlement. they are talking about basic stuff. >> off the- austin. what wrong. there is a 3 hadn't 8 percent tax on investment income. >> it is it on high income people. pay roll...
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May 4, 2013
05/13
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>> certainly we don't need another tax and we are taxed enough. however, this tax exists. what this does is formalizes it. currently you're supposed to support these tax. this have i for very large on-line sellers, places, again, like amazon, they have to charge sales tax just like the brick and mortar counter parts for on-line purchases. >> the senate votes monday. there's a similar version of this bill that has been introduced in the house and the president has said he's in favor of this. he's ready to sign it once it comes to his desk. but just in case anybody out there thinks this is a partisan issue, this is a bill that has the support of both democrats and republicans alike. pretty bipartisan. >> well, one thing to keep in mind here is again, for fellow entrepreneurs, people looking to start a business, grow something and create jobs, fortunately, this won't affect them because they would have to reach a million dollars in a specific state before this state would impact them. so for a lot of people, i don't think it will have a real impact. >> it could level the play
>> certainly we don't need another tax and we are taxed enough. however, this tax exists. what this does is formalizes it. currently you're supposed to support these tax. this have i for very large on-line sellers, places, again, like amazon, they have to charge sales tax just like the brick and mortar counter parts for on-line purchases. >> the senate votes monday. there's a similar version of this bill that has been introduced in the house and the president has said he's in favor...
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May 4, 2013
05/13
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i said before, when the data tax bill to cut taxes, a tax bill to expand taxes, the all increased the amount of the earned income tax credit. >> -- host: william, good morning. caller: i wanted to comment -- it looks like you guys were acknowledging 55 million people earnedn and out of the income tax credit and there is only $13.60 billion in 2012 overpaid. about $4 per person. seems to me that that is a lot of effort to be chasing this money around for the more marginal people in the united totes when the credits go someone making hundreds of thousands of dollars are so much more higher. there is a lot of money out there from big corporations. from a lot of very wealthy people. the people who are actually in the marginal levels of our society. >> are there bigger fish to fry out there? guest: william is right in the context that we have always subscribe to the willie sutton theory of budgets. the bank robber who asked why he robbed banks, he said that is where the money is. certainly you want to go where you will have the biggest returns. income tax credit, this is something that the
i said before, when the data tax bill to cut taxes, a tax bill to expand taxes, the all increased the amount of the earned income tax credit. >> -- host: william, good morning. caller: i wanted to comment -- it looks like you guys were acknowledging 55 million people earnedn and out of the income tax credit and there is only $13.60 billion in 2012 overpaid. about $4 per person. seems to me that that is a lot of effort to be chasing this money around for the more marginal people in the...
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Apr 30, 2013
04/13
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lower tax rates. real tax reform. that is being proposed. that is now the republican primary goal as opposed to where that omit or form. can you hold out any hope that we actually will get lower tax rates in the near future? >> yes. it is all how you defined the word. at that time, he laid out what would be in the budget. it seems as though there are some areas of commonality here on the tax portion. secretary is now saying we cannot go there. it is all or nothing. i really do not hold that much hope for this despite the fact that they are trying to come up with a plan and try to pass it to the house. stuart: you are disappointing us, congressman. >> let me change all of that. absolutely. i think we will have legislation coming to the house and the floor for discussion. we should be hopeful for that. stuart: we really appreciate you being with us this morning. obamacare. anonymous criticism coming down the pike of this thing. is there any chance, i understand it will not be completely repealed, can you stop it from making chaos in our medica
lower tax rates. real tax reform. that is being proposed. that is now the republican primary goal as opposed to where that omit or form. can you hold out any hope that we actually will get lower tax rates in the near future? >> yes. it is all how you defined the word. at that time, he laid out what would be in the budget. it seems as though there are some areas of commonality here on the tax portion. secretary is now saying we cannot go there. it is all or nothing. i really do not hold...
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Apr 29, 2013
04/13
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we kept interest rates low and frozen the council tax, cut income tax for 24 million people. we've taken more than two million people out of income tax altogether and our welfare reforms sadly not supported by the opposition are making sure that work always pays. >> sharon hodgson. >> thank you, mr. speaker. today's "daily telegraph" reports one million people are being declared fit for work by the d.w.p. and does it include my constituent michael moore who despite multiple illnesses and disability was declared fit for work july 2011. mr. speaker, michael died in february this year, age just 56. >> i'm very sorry on behalf of the whole house about the loss of her constituent, but i'm sure that she and, indeed, i would have thought everyone in the house would accept that it is necessary to have a system to check who is available for work and who is able to work and who is not. of the hole point employment and support program is we judge those people who can work but need extra help and those who can't work who should always be looked after. i find it extraordinary heads are sh
we kept interest rates low and frozen the council tax, cut income tax for 24 million people. we've taken more than two million people out of income tax altogether and our welfare reforms sadly not supported by the opposition are making sure that work always pays. >> sharon hodgson. >> thank you, mr. speaker. today's "daily telegraph" reports one million people are being declared fit for work by the d.w.p. and does it include my constituent michael moore who despite...
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Apr 30, 2013
04/13
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all those taxes under brown. liabilities from pensions at the state level and entitlement programs at the national level, they are swamped with a small amount of revenue with a short-term basis. neil: bottom line,. >> if you are eating your own arm, you can only do that so long. neil: at an imaginative way of puuting it. it's good to see you. this just in, cuts strike me as more than over the top. austerity all over the world. neil: if you are sick of spending comedies studies showing spending cuts are making people ill, literally, depression, suicide, infectious diseases because of austerity. are you using this as an excuse? >> this is over the top. i think that we are in a society that are making people dependent on social programs. look at the explosion. we are headed down the same path. there is no reason for such dependency. people are depressed about it and so forth. but such is life. when you go through physical problems, there depressiin with it. i think that is over-the-top and extreme. >> i see what you
all those taxes under brown. liabilities from pensions at the state level and entitlement programs at the national level, they are swamped with a small amount of revenue with a short-term basis. neil: bottom line,. >> if you are eating your own arm, you can only do that so long. neil: at an imaginative way of puuting it. it's good to see you. this just in, cuts strike me as more than over the top. austerity all over the world. neil: if you are sick of spending comedies studies showing...
SFGTV2: San Francisco Government Television
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May 3, 2013
05/13
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involves a combination of a payroll tax, commercial occupancy tax, and gross receipts tax. all of that could be in a remade form of our business tax structure. >> that is a good question to ask. i will ask this monday. >> i was born in of los angeles. i was in a mexican-american, a chicano town. my dad was a launch your worker. my mother was an office worker at usc. my parents were divorced when i was 10 years old. i moved to the east coast and lived there for six years and then fled back to california after high school. i went to school at uc santa barbara. i have been in san francisco since 1989, have lived in the excelsior since 1999. the difficulty is, muni often sees it as an industrial area, not a neighborhood. we have to figure out how to make it work as a neighborhood and as a place that can service the light rail vehicles. i have had lots of different jobs. my main job has been doing social work for san francisco state university. i have been a community organizer, a social worker, but i have also been a legislative aide. i worked mostly for community- based organi
involves a combination of a payroll tax, commercial occupancy tax, and gross receipts tax. all of that could be in a remade form of our business tax structure. >> that is a good question to ask. i will ask this monday. >> i was born in of los angeles. i was in a mexican-american, a chicano town. my dad was a launch your worker. my mother was an office worker at usc. my parents were divorced when i was 10 years old. i moved to the east coast and lived there for six years and then...
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May 5, 2013
05/13
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we investigate fake tax returns defrauding the government on their dime. >> this is gravely serious. >> the report is alarming. >> the utilities commission employees speaking out. why the authority is compromised and why lawmakers are calling for change. >> you are not a cop? >> no, no, no. >> a black market for dead animals? we go under cover with hidden cameras to expose the sales. here is tony kovaleski. >> good evening. tonight, getting answers to the questions you ask. holding the powerful accountable, investigations that are making a difference. first we investigate time sheets. the santa clara county district attorney's office secretly altering time off to give top paid employees free vacation. joseph rosen says it makes up for a 5% bonus some lost in the wake of budget cuts. >> hundreds of top sheets altered. >> i directed this to happen. i wanted this to happen. this is exactly what i wanted to happen. >> reporter: the district attorney, jeff rosen directed his d.a. to give out free time off. if an employee asked for vacati vacation time and it's changed to administrative le
we investigate fake tax returns defrauding the government on their dime. >> this is gravely serious. >> the report is alarming. >> the utilities commission employees speaking out. why the authority is compromised and why lawmakers are calling for change. >> you are not a cop? >> no, no, no. >> a black market for dead animals? we go under cover with hidden cameras to expose the sales. here is tony kovaleski. >> good evening. tonight, getting answers to...
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Apr 27, 2013
04/13
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i tell you, you talk about taxes niagra has the second highest property taxes of percentage of home value of any place in the country. history of corruption in their government. high crime. why not address those issues. [ talking over each other ] >> eric: hold on. >> every economist would say it's the same tax expenditure. you are using a tax expenditure in a labor pool. student debt, average student is coming out of college, unemployment is 9%. the average debt is somewhere close to $30,000. you have seen important reforms. >> listen, go ahead. >> you wanted the kids to come back. let them come back and fix this town where they were raised. they have vested interest in it. everybody knows that jonathan doesn't want to help children and doesn't want to help them shape or form. >> eric: that is not a fair shot. >> i was going to say, these people -- this money is going to get spent anyway. you have a downtown area that is destroyed. it's you know, you are going to bring p.m. back and rehabilitate the city. that is going increase the economy. those people are going to be exposed to all of
i tell you, you talk about taxes niagra has the second highest property taxes of percentage of home value of any place in the country. history of corruption in their government. high crime. why not address those issues. [ talking over each other ] >> eric: hold on. >> every economist would say it's the same tax expenditure. you are using a tax expenditure in a labor pool. student debt, average student is coming out of college, unemployment is 9%. the average debt is somewhere close...
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May 4, 2013
05/13
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CNNW
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they pay the unincorporated business tax in many cities. they are taxed so severely that they are the ones who are really providing the economic development and growth in all of the growth industries in america. they are overly taxed and not undertaxed. >> economists estimate $2 trillion worth of income goes unreported each year and that affects the legitimate economy. it's hard for business to pay by the rules if competitors aren't paying payroll taxes or compensation to employees in the event of injury. and they have no benefit or social security and no legal resource if their boss decides to stiff them. >> what we really need to do is say, okay, it's illegal absolutely but a lot of people have the ingenuity and creativity and power to innovate. if that's where they are going, we want to help them come back into the mainstream. >> something efforts say will be difficult to do. we're talking about an extra $500 billion worth of lost tax revenue. that's a huge amount of money. when you think of what the country is going through with the seq
they pay the unincorporated business tax in many cities. they are taxed so severely that they are the ones who are really providing the economic development and growth in all of the growth industries in america. they are overly taxed and not undertaxed. >> economists estimate $2 trillion worth of income goes unreported each year and that affects the legitimate economy. it's hard for business to pay by the rules if competitors aren't paying payroll taxes or compensation to employees in the...
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May 2, 2013
05/13
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CNBC
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here we are talking about raising taxes in an area of the world where taxes are already very high. so no wonder this had a contractionary effect. >> contractionary effect is central banker speak for a decline in the economy. draghi went on to say that now that the emergency has passed, maybe they can keep cutting spending and also cut taxes at the same time. maria? >> so, michelle, is this the same discussion, basically, we're having in the united states, spending cuts or tax increases in terms of getting your arms around the debt and deficits? >> doesn't it feel so similar, maria? everybody's having this -- how do you best juice the economy, where does the money go? do you raise taxes so the government can spend more or do you give taxes to individuals so they spend more in the private economy? >> what do you say we talk about that right now. good idea, michelle? >> sure! >> all right. stay there. we're joined here at the new york stock exchange, howard dean, former presidential candidate, former governor of the state of vermont, we could go on and on. >> former, former, former. >
here we are talking about raising taxes in an area of the world where taxes are already very high. so no wonder this had a contractionary effect. >> contractionary effect is central banker speak for a decline in the economy. draghi went on to say that now that the emergency has passed, maybe they can keep cutting spending and also cut taxes at the same time. maria? >> so, michelle, is this the same discussion, basically, we're having in the united states, spending cuts or tax...
SFGTV2: San Francisco Government Television
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May 2, 2013
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>> i talked a little bit earlier about raising taxes and raising revenues and fees, and for me, the tax exemption is something i do not philosophically supports. yet, i often represent part of san francisco that has been neglected for decades, and that is the midmarket corridor. we have over 3 million square feet of commercial real estate. a lot of it has been vacant for decades. the building twitter is going to be using, it has been vacant since 1968. we have to start looking at what tools do we have to revitalize the area, and what i like about this legislation is we are not just giving a tax break to come in. you have to create jobs. you pay your payroll tax base, but if you move to midmarket and create jobs, we will not tax you on those jobs for six years. for the next six years, you are a community partner with us, partnering with us to revitalize neighborhood and then, if you are successful in six years, hopefully and the midmarket become successful, you come back into the tax system. i do not have an interest in expanding it. it was not about corporate welfare to companies. that
>> i talked a little bit earlier about raising taxes and raising revenues and fees, and for me, the tax exemption is something i do not philosophically supports. yet, i often represent part of san francisco that has been neglected for decades, and that is the midmarket corridor. we have over 3 million square feet of commercial real estate. a lot of it has been vacant for decades. the building twitter is going to be using, it has been vacant since 1968. we have to start looking at what...
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Apr 29, 2013
04/13
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CSPAN
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we frozen the council tax. with that income tax for 24 million people. we've taken more than 2 million people out of income tax altogether, and our welfare reform sadly not supported by the party opposite are making sure that work always pays. >> thank you, . speaker. today the telegraph reports that 1 million people have been declared -- does this include people like my constituent, michael moore, who depite his disability was declared fit for work in july 2011? mr. speaker, michael died in february this year at age 56. >> i'm very sorry i'm enough of the whole house about the loss of her constituent. but i'm sure that she and, indeed, i would've that everyone in this house would except that it is necessary to have a system to check whois available for work and who is able to work and who is not. and the whole point of the employment and support allowance program is that we judge those people who can work but need extra help, and those who can't work who should always be looked after. i find it extraordinary that hands are shaking in the party opposite.
we frozen the council tax. with that income tax for 24 million people. we've taken more than 2 million people out of income tax altogether, and our welfare reform sadly not supported by the party opposite are making sure that work always pays. >> thank you, . speaker. today the telegraph reports that 1 million people have been declared -- does this include people like my constituent, michael moore, who depite his disability was declared fit for work in july 2011? mr. speaker, michael died...
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May 2, 2013
05/13
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KCSMMHZ
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assets and tax havens. the british finance minister now says european countries will be working more closely with british overseas territories to identify tax cheats. the territories will now automatically provide account information to british authorities. those territories include bermuda and the cayman islands. >> in germany, tax evasion has also become a hot political issue with the general election just a few months away. it has even reached into the highest levels of the nation's most popular soccer club. >> the president of bayern munich has become the country's best known tax evader. he is not shying away from the press about an ordeal that he says has him "going through hell." >> in a newspaper interview this week, he admitted to gambling with stocks like it was an addiction. the profits were paid into a swiss bank account, but he did not mention how much in taxes he avoided paying. now, the german president has weighed into the debate, calling evasion irresponsible. m at isn't it important that we
assets and tax havens. the british finance minister now says european countries will be working more closely with british overseas territories to identify tax cheats. the territories will now automatically provide account information to british authorities. those territories include bermuda and the cayman islands. >> in germany, tax evasion has also become a hot political issue with the general election just a few months away. it has even reached into the highest levels of the nation's...
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May 2, 2013
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republicans want tax reforms to reduce the deficit and lower tax rates. >> the administration is happy with broadening the base. we have seen them go in other direction. tax is hard dance for them. >> obviously the parties disagree. >>> and the white house supports a reduction in corporate rates. many want to replace the sequester and spend more and not lower rates. >> and the president try to raise income taxes on middle class families? go to twitter and you can find me at bret baier. carl cameron tells us more democrats are saying what the republicans have been saying all along. >> senator majority leader harry reid is word about implementation of obama care off track and head for disaster >> max said it was a train wreck. i agree with him. >> max wrote much of the affordable care act and lambasted kathleen sebluous in a committee grilling. >> i tell you, i see a huge train wreck coming down. you and i discussed it many time i don't see results. >> baucus will not seek reelection. he blames obama administration how the reforms will be passed or implemented. >> people generally dislik
republicans want tax reforms to reduce the deficit and lower tax rates. >> the administration is happy with broadening the base. we have seen them go in other direction. tax is hard dance for them. >> obviously the parties disagree. >>> and the white house supports a reduction in corporate rates. many want to replace the sequester and spend more and not lower rates. >> and the president try to raise income taxes on middle class families? go to twitter and you can find...